Crypto
Ripple\'s XRP slumps 70 percent from peak, puts $1 level in focus
Ripple\'s cryptocurrency XRP has fallen about 70 percent from a key resistance level and is nearing $1, raising the possibility of further declines toward a long-term rising support band. On a weekly Bitstamp snapshot, XRP traded around $1.0358. Analysts cited resistance from $1.99 to $3.45 and a support band around $0.65 to $0.82 on a log-scale chart. A further 70 percent drop from current levels would imply about $0.31, a simple arithmetic calculation.
